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This Week’s Steel Coil Price Forecast

Mar 18, 2024

At present, many central banks are adjusting interest rates. This week has entered the super central bank week, especially the Federal Reserve interest rate meeting, which affects the sentiment of global capital investment operations. However, domestic macro policies are relatively stable, China's real estate data is still very weak, and the unemployment rate is also bearish, which is still a drag. Steel market prices. However, the fixed asset investment and infrastructure investment data from January to February are not bad, and the added value of large-scale industries is not bad either. The data is still neutral to positive. Terminal demand is gradually starting to start. Focus on the downstream receiving situation. The iron ore price forecast needs to be prepared. The price of color-coated steel coils is expected to rise steadily this week, with a range of 10-30 yuan/ton.

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